Pre-operative expenses for enhancing production capacity classified as revenue expenditure, not capital, hence tax-deductible.

Pre-operative expenses for enhancing production capacity classified as revenue expenditure, not capital, hence tax-deductible. https://www.taxtmi.com/highlights?id=47969 Addition of pre-operative expenditure - revenue or capital expenditure - expenses are only to enhance the existing portfolio of the assessee and to increase its existing production capacity - even there is no denial of the fact that the expenditure claimed by the assessee is otherwise revenue in nature and not relating to the set up of the plant - duly allowable en-us Wed, 17 Jul 2019 09:43:57 +0530 Wed, 17 Jul 2019 09:43:57 +0530 TaxTMI RSS Generator Pre-operative expenses for enhancing production capacity classified as revenue expenditure, not capital, hence tax-deductible. https://www.taxtmi.com/highlights?id=47969 Addition of pre-operative expenditure - revenue or capital expenditure - expenses are only to enhance the existing portfolio of the assessee and to increase its existing production capacity - even there is no denial of the fact that the expenditure claimed by the assessee is otherwise revenue in nature and not relating to the set up of the plant - duly allowable Highlights Income Tax Wed, 17 Jul 2019 09:43:57 +0530 https://www.taxtmi.com/highlights?id=47969